How AI is supercharging wealth management Inside Financial & Risk

Virtual advisors are helping meet the demands of investors who want data-driven insight and a rich, personalized experience akin to Netflix. Cognitive software platforms, which provide the tools to analyze, organize, access, and provide advisory services based on a range of structured and unstructured data, are set to attract investment of nearly US$2.5 billion in this year alone. Additionally, spending on intelligent and cognitive applications is forecast by IDC to grow at an impressive 69 percent compound annual growth rate from 2017 to 2020. Driving this explosion is the fact that more data will be created in 2017 than in the last 5,000 years. And it's expected to increase three-fold from this year until 2021.